Bulgaria’s mining output soared by 12% last year, reaching 112.5 million tonnes, a record rate of increase for the past ten years, public radio broadcaster BNR has reported, citing data from the Bulgarian Chamber of Mining and Geology.
The biggest increase, 24%, was recorded in industrial minerals mining, says Novinite (www.novinite.com), Sofia news agency, in its report.
Mining of aggregates and building materials rose by 17% last year; coal output was up 13% and production of metal ores increased by
August 22, 2016
Read time: 1 min
Bulgaria’s mining output soared by 12% last year, reaching 112.5 million tonnes, a record rate of increase for the past ten years, public radio broadcaster BNR has reported, citing data from the Bulgarian Chamber of Mining and Geology.
The biggest increase, 24%, was recorded in industrial minerals mining, says %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000oLinkExternalNoviniteVisit www.novinite.comfalsehttp://www.novinite.com/falsefalse%>, Sofia news agency, in its report.
Mining of aggregates and building materials rose by 17% last year; coal output was up 13% and production of metal ores increased by 4%.
However, the combined revenue of the mining companies in Bulgaria dropped by 1.1% to BGN 2.41 billion (€1.2 billion) due to a fall in the global metal prices that began in 2013. The decline in the value of metal mining output was 6%.
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Exports of US-made construction equipment ended 2014 with a 13.2% drop compared to 2013, with a total $17.26 billion (€15.4 billion) shipped to global markets. According to the Association of Equipment Manufacturers (AEM), citing US Department of Commerce data it uses in global markets reports for members, US exports fell to all world regions for 2014, and business to Europe, South America and Australia/Oceania was the hardest hit.
